Florida Insurance Calendar: September 23 – 27

Sep 20, 2013

Following is a listing of Florida insurance-related legislative and regulatory events for the week of September 23-27, 2013:

All times are shown in Eastern Time. Additional information is available via hyperlink where noted in bold type.

FLORIDA INSURANCE LEGISLATIVE EVENTS

2013-2014 Florida Legislative Interim Committee Meetings

Tuesday, September 24

Florida Senate Committee on Banking and Insurance; 1:30 p.m. to 3:30 p.m. To view the agenda, click here.
- Presentations on Citizens Property Insurance (“Citizens”) policyholder take-out process and update on Clearinghouse implementation
  - Barry Gilway (Citizens’ President)
  - Richard Koon (Florida Office of Insurance Regulation Director of Property and Casualty Product Review Unit)
  - Bruce Lucas (Heritage Insurance Company Chairman and Chief Investment Officer)

Wednesday, September 25

Florida House Insurance and Banking Subcommittee; 9:00 a.m. to 11:00 a.m. To view the agenda, click here.
- Presentations and discussion on surplus lines insurance, implementation and impact of 2011 changes in insurance laws relating to sinkholes and the National Flood Insurance Program

FLORIDA INSURANCE REGULATORY EVENTS

Tuesday, September 24

Florida Commission on Hurricane Loss Projection Methodology (“FCHLPM”) meeting; 9:00 a.m. to 4:00 p.m. Consideration of 2013 Standards and Procedures and Report of Activities. Teleconference: (888) 670-3525; conference code 7135858151. To view the meeting notice, click here.
Florida Cabinet meeting; 9:00 a.m. To view the complete agenda, click here.
- Florida Department of Revenue
  - Request for publication of proposed amendments to Rule Chapter 12B-8, F.A.C. – Insurance Premium Tax (Rules 12B-8.0016, and 12B-8.003, F.A.C.) which reflect 2013 law changes, updated forms and removal of obsolete provisions
- State Board of Administration
  - Florida Hurricane Catastrophe Fund Major Mandates Investment Performance Report as of March 31, 2013

Wednesday, September 25

FCHLPM meeting; 9:00 a.m. to 4:00 p.m. Continued from September 24. Consideration of 2013 Standards and Procedures and Report of Activities. Teleconference: (888) 670-3525; conference code 7135858151. To view the meeting notice, click here.
U.S. Senate Committee on Banking, Housing & Urban Affairs hearing: Reauthorizing TRIA: The State of the Terrorism Risk Insurance Market.” 10:00 a.m. to 12:00 p.m. To view the hearing notice, click here.

Thursday, September 26

Florida Hurricane Catastrophe Fund (“FHCF”) Rule Development Workshop; 9:00 a.m. to 12:00 p.m. Proposed amendments to Rule 19-8.010 would reflect 2014-2015 FHCF Reimbursement Contract requirements. To view the Workshop notice, click here.
- FHCF Advisory Council meeting; 1:00 p.m. Obtain approval to file a Notice of Proposed Rule for 19-8.010. Teleconference: (888) 670-3525; conference code 7135858151. To view the meeting notice, click here.

LOOKING AHEAD

Tuesday, October 1

Florida Office of Insurance Regulation (“OIR”) Public Rate Hearing: National Council on Compensation Insurance (“NCCI”); 9:00 a.m. Consideration of an NCCI workers’ compensation filing in which is requested an overall average increase in rate levels of 1 percent for the voluntary market for all new and renewal policies written in Florida, effective January 1, 2014. To view the hearing notice, click here.

Wednesday, October 9

OIR Public Rate Hearing: State Farm Florida Insurance Company (“State Farm”); 9:00 a.m. State Farm has requested an average statewide rate increase of 35.1 percent for its rental dwelling program. This would result in an average premium effect of 25.6 percent. The difference between the rate change and the premium effect is because the company has also requested the elimination of all flat deductibles and create minimum deductibles of 2 percent for hurricane and 1 percent for all other perils. To view the hearing notice, click here.
Florida Surplus Lines Service Office (“FSLSO”) Budget Committee meeting; 2:00 p.m. Tallahassee, Florida. Discussion of 2014 FSLSO budget proposal. To view the meeting notice, click here.

Thursday, October 10

FSLSO Board of Governors meeting; 9:00 a.m. Tallahassee, Florida. To view the meeting notice, click here.

Tuesday, October 15

OIR hearing: National Mortgage Insurance Corporation (“NMIC”); 10:00 a.m. Tallahassee, Florida. Consideration of NMIC’s application for a Certificate of Authority as a property and casualty insurance company writing mortgage guaranty insurance. To view the hearing notice, click here.

Wednesday, October 16

Florida Board of Employee Leasing Companies (“BELC”) Board meeting; 10:00 a.m. Teleconference: 888-670-3525; conference code: 7489217568#. To view the meeting notice, click here.

Friday, October 25

OIR hearing; 10:00 a.m. The Florida Legislature has directed the OIR to “review Florida law and regulations to determine whether there are adequate protections for purchasers of life insurance policies in the secondary life insurance market to ensure that this market continues to exist for Florida seniors.” A report on the findings will be issued to the Legislature by December 1, 2013. To view the hearing notice, click here.

Wednesday, November 13

Florida Workers’ Compensation Joint Underwriting Association (“FWCJUA”) Investment Committee meeting; 10:00 a.m. To view the meeting notice, click here.
BELC Board meeting; 11:00 a.m. St. Augustine, Florida. To view the meeting notice, click here.

Thursday, November 14

BELC Board meeting; 9:00 a.m. St. Augustine, Florida. To view the meeting notice, click here.
FWCJUA Audit Committee meeting; 10:00 a.m. To view the meeting notice, click here.

Wednesday, December 18

BELC Board meeting; 10:00 a.m. Teleconference: 888-670-3525; conference code: 7489217568#. To view the meeting notice, click here.

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